Money Market

Fitch Affirms FBN Holdings Plc at ‘B-‘; off RWN; Outlook Negative

October 5, 2020/Fitch Ratings Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of FBN Holdings Plc (FBNH) and its primary operating subsidiary, First Bank of Nigeria Ltd (FBN), at ‘B-‘, and removed them from Rating Watch Negative (RWN). The Outlooks are Negative. The removal of the RWN from […]

Fitch Affirms Guaranty Trust Bank at ‘B’; off RWN; Outlook Stable

October 5, 2020/Fitch Ratings Fitch Ratings has affirmed Guaranty Trust Bank (GTB) Plc’s Long-Term Issuer Default Rating (IDR) at ‘B’ and removed it from Rating Watch Negative (RWN). The Outlook is Stable. The removal of GTB’s Long-Term IDRs, Viability Rating (VR) and National Ratings from RWN reflects Fitch’s view of […]

Fitch Affirms Zenith Bank at ‘B’; Off Rating Watch Negative, Outlook Stable

October 5, 2020/Fitch Ratings Fitch Ratings has affirmed Zenith Bank Plc’s Long-Term Issuer Default Rating (IDR) at ‘B’ and removed it from Rating Watch Negative (RWN). The Outlook is Stable. The removal of the RWN on Zenith’s Long-Term IDR, Viability Rating (VR) and National Ratings reflects Fitch’s view of receding […]